Kennedy half dollar help needed

[Star43]

90% silver dimes will be the medium of exchange is my prediction.
Small enough denomination to exchange for goods.
And, when you go to the coin store to buy some, ask for Liberty dimes, not the ones with that damned democrat FDR...it always gets a laugh from the guys behind the counter!

Yes I agree that the small denomination of the dimes will be the most used. That's why I have lots of dimes.....The dime you refer to was technically called the Winged Liberty Head dime, but people started calling it the Mercury Dime as it looked like the Roman God Mercury, even though it was supposed to be Lady Liberty....I love Mercury dimes. The same designer who created the Walking Liberty half dollar also designed the Mercury dime. Those 2 designs are usually considered as the most beautiful of the American coins.....that's why they used the "Walker" as the design for the American Eagle coin.....yeah, I love the Mercury dime myself. Good choice......

 

[Jeepnik]

If the end of the world happens, there won't be much technological manufacturing. Gold, silver and gems will hold no value. Food, water, shelter and the ability to protect it is all that will matter.

 

[Star43]

True, that is one way of looking at it in a doomsday type of scenario. Let's hope it doesn't end up like that. Life would certainly not be fun at that point. I myself try to look at it in a more civilized type of way as we hopefully still have some core values and system sort of still in place, if the dollar crashed. That's when the small amounts of silver could be used in a barter/buy type of a situation. God knows what would happen. If you talk to 10 different people, you would probably get 10 different type of reactions or thoughts to this......In other words, good luck to everyone and God Bless America !!!........

 

[JMD101]

Except silver has industrial value and will going forward as technology requires it.

Most conductive element known, will AI show a demand?
Lots of silver in the paper market but not enough real silver to cover it.
Like selling 10,000 tickets to a show with only 100 seats.

 

[Star43]

Personally, I would stay away from those ETF type of things. It is true that there is NO Way enough Silver to back up those certificates and the majority of people would get Nothing back on their ETF investments if the dollar crashed or was in deep trouble causing panic in the market. Those people who thought they owned Silver actually just owned some worthless paper......Stick with owning the physical Silver that you truly own And have in your personal possession......in my opinion....

 

[DGW1949]

Paper in your hand means someone owes you something. Silver in your hand means that you have already been paid...That's the difference.

DGW

 

[Gutshot]

I have a friend that has over 10 K in pre 64 silver coins and another friend that has 50 K 22LR rounds. Both are older than me {and I am old} both invested in what they thought they could barter with if the SHTF.
I hope neither ever has to find out who has the best commodity to trade with.
Jeff

 

[JMD101]

Good to have both/ options are good as different people need different things.

 

[Star43]

I have a friend that has over 10 K in pre 64 silver coins and another friend that has 50 K 22LR rounds. Both are older than me {and I am old} both invested in what they thought they could barter with if the SHTF.
I hope neither ever has to find out who has the best commodity to trade with.
Jeff

Those are terrific assets to have for sure. He should also have a lot of 9mm for his pistols and a carbine or two.......all of those are terrific assets to have.....

 

[gnappi]

Holy thread drift

 

[hittman]

PM answered

 

[OVERLOADDED]

I save all coins with silver content. Mostly half dollars, dimes are hard to find, found 1 this year.
Halves I get from $500.00 boxes ordered from my bank. More boxes with no silver than with silver.
I will not sell my silver for cash, as it could be worthless at the end of the day, while silver content coins my be desired by others when cash fails. If I die before the failure, then my grandson will have all my silver. Overloadded

 

[protoolman]

Its easy to pay back 37 trillion dollars in paper money. Just have the feds print 37 trillion dollar coins or bills. They said they might print a huge value coin over covid, does anyone know if they did?

 

[Star43]

Yeah, one cannot always trust the Fed... as in Not.......

 

[GasGuzzler]

I buy silver coins every once and a while if I see them for sale locally at a price lower than I can get them anywhere else. I looked this morning at a local forum with classifieds and someone has Silver Eagles for sale at six for $600. I looked online and can get 1 oz Silver Eagles for $48 each plus shipping so I passed.

I am a caveman.

 

[Threespears]

 

[Star43]

Guzzler, Be very careful buying Silver coins on line. A know quite a few guys who got burnt with fake coins. You probably already know this but I wanted to say it anyway just in case......

 

[GasGuzzler]

I don't buy them online. I find them online and by from the person.

 

[ole442]

Yeah, I was looking online …..especially eBay and I saw some 1964 Kennedy half-dollars that were slabbed by an unknown slabbing company so they weren't really certified and when you looked at them, they didn't look like a US mint Kennedy half dollars which would be 90% silver. The details were way off!
I've also seen slabbed silver eagles on there that looked pretty good but most of these Kennedys and the silver eagles are in California by a guy named Chen or they're located in China. What do you think the odds are of getting counterfeit plated silver half dollars and silver eagles From China is?? If it sounds too good to be true it probably really is especially if it's coming from China. JMO!

 

[GasGuzzler]

I buy stuff like uncirculated 90% quarters in a tube. Pretty easy to tell they're real.

 

[JMD101]

Are you looking for numismatic coins or silver bullion?
Sometimes they slab counterfeits so you can't test them.

 

[chm270]

I was selling some silver coins at a flea market a couple pf years ago, and a young man was looking at it. I told him at his age, it would be a good investment, as it will grow in value.
He answered, "why buy silver when lead is much cheaper? I can use the lead to take your silver".
Hard point to argue LOL.

 

[Star43]

Your Silver can buy a lot of lead and other accessories to see him coming to you, before he can even see you....

 

[chm270]

Are you looking for numismatic coins or silver bullion?
Sometimes they slab counterfeits so you can't test them.

I recently bought four slabbed Eagles that were "First Strike" from NGC in MS-69.
As an after thought, I said to myself, what if they are fake?
I actually broke them out of the slabs and checked the specific gravity of them and they were good. I also bought a "ping tester" that is a very reliable test for real silver coins. Again, they tested good.
Both of these tests are about as good as it gets. You tube has all the specifics of both.

 

[JMD101]

With 999 silver bullion coins, I deeply scar the surface (in case it's plated) and test with nitric acid.
(Numismatic coins would lose "collector" value due to defacement, but still be worth theirweight in silver)
Buy from reputable Sources, I've seen/bought real good fakes! You learn quick once burned.

 

[Joe Chartreuse]

Do it the right way and let him learn HOW to collect coins. Buy the BOOKS. Handbook of United States Coins ( AKA The Official Blue Book, and U.S. Coin Digest or A Guide book of United States Coins (AKA Official Red Book). Not only do you get vetted values and information about the coins, but some history as well as some information on how to grade. Total cost for both around $35 and he LEARNS something. A 1964 Kennedy ( excluding silver pricing which changes every day) rated MS-63 is worth $10 , MS-65 is worth $13. The 1964 Kennedy weighs 0.3619 oz. Today's silver price is is approximately $44 per ounce. 44 x .3619 =$15.92 x 0.9 (90%) = $14.33 Approx silver value. The previous quotes were based on lower silver prices. True value around $20 total

 

[Joe Chartreuse]

At a coin dealer, what would one expect to be offered as compared to the melt price? Years ago I was a stamp collector, and the bible for stamps was the Scott catalog. But actual vaue, i.e., how much you could sell a stamp for, was usually a small fraction of the Scott catolog "value". So for example, if I found an Eisenhower silver with a melt value of $13.44, what might I expect realistically to get if I brought it to a coin dealer? Just curious.

Not worth selling for melt. Let's say melt value is $10. He will offer $7 or $8. The collector value may be much more, but there also another problem. The law is sort of gray regarding the melting of U.S. coins. Years ago it was completely illegal, but there are exceptions now. The collection value of any coin will grow if it is kept properly. The precious metal value will grow no matter what. Hold them until you can make real money. Also, if you are buying for just precious metal investment, skip coins altogether and buy rounds. These look like coins but are not U.S. government minted or currency. Why buy rounds? First, they are pure, not 90%, so worth full metal value. Second, because they are not coins, you don't pay a coin premium. In other words, you get more gold or silver value for less money.

 

[JMD101]

Do it the right way and let him learn HOW to collect coins. Buy the BOOKS. Handbook of United States Coins ( AKA The Official Blue Book, and U.S. Coin Digest or A Guide book of United States Coins (AKA Official Red Book). Not only do you get vetted values and information about the coins, but some history as well as some information on how to grade. Total cost for both around $35 and he LEARNS something. A 1964 Kennedy ( excluding silver pricing which changes every day) rated MS-63 is worth $10 , MS-65 is worth $13. The 1964 Kennedy weighs 0.3619 oz. Today's silver price is is approximately $44 per ounce. 44 x .3619 =$15.92 x 0.9 (90%) = $14.33 Approx silver value. The previous quotes were based on lower silver prices. True value around $20 total

That's why I asked if he was collecting numismatic coins or bullion.

 

[Dan in MI]

Also, if you are buying for just precious metal investment, skip coins altogether and buy rounds. These look like coins but are not U.S. government minted or currency. Why buy rounds? First, they are pure, not 90%, so worth full metal value. Second, because they are not coins, you don't pay a coin premium. In other words, you get more gold or silver value for less money.

Rounds, ingots, or junk silver (U.S. Coins) your buyer is going to add the same premium to buy or sell. There is no coin premium for non collector coins. (at least in my area) You don't get more for your money from rounds. Price/payout is all calculated on Troy ounces of metal. A Troy ounce of silver is a Troy ounce of silver, whether it be .999, .9 or .4. Yes a silver dollar is not an ounce,

IOW -- One 1 oz round, or ingot, is a Troy oz of .999 silver
A silver dollar, plus a silver quarter, plus a War Nickle is also a total Troy oz of .9, .9, .35 silver (close enough for this exercise)
Each will get you spot +/- the dealer profit percentage.

Also consider in a barter situation people may not know the manufacturer of your round/ingot and not be willing to risk it being real. U.S. coins everyone knows.

 

[Star43]

To me, the US Constitutional Silver 90% Silver is the universal type of standard as people know it and recognize it as the real deal. "Americans" Also there is very little premium at all to buy this coinage. As far as the .999 stuff such as American Eagles, other Silver rounds, the Panda's, the Maple Leafs, Kugerands, etc, etc..they all demand a high premium. Silver is Silver. Try not to pay those high premiums. That's why I love the 90% Constitutional Silver.....